In the cryptocurrency market, every price fluctuation of Bitcoin (BTC) has attracted the attention of investors around the world. Since Bitcoin showed strong growth momentum in September this year, its price has climbed to a new high, but the subsequent sharp drop has plunged the market into uncertainty. Especially during the US trading session, the price of Bitcoin once approached $63,000, which has aroused widespread attention and concern among options traders. Facing the upcoming US election in November, the market generally believes that the cryptocurrency market may usher in more volatility. So, when will the next round of Bitcoin's rise begin? Will there be another sharp rise? Let's explore the views of analytical companies and current market dynamics.

Market Volatility and Options Traders' Preparedness

Recently, the volatility of Bitcoin prices has been affected not only by factors within the cryptocurrency, but also by the traditional financial market. According to observations by Wintermute, a well-known cryptocurrency market maker, options traders are preparing for the upcoming US election and the market volatility it may cause. Although October is historically a favorable month for the cryptocurrency market, this year's traders have been particularly cautious, pointing to the continued uncertainty in both traditional and digital markets.

In the context of the global macroeconomy, changes in national policies are also affecting the price trend of Bitcoin. For example, the sudden appointment of Japanese Prime Minister Shigeru Ishiba caused a shock in the market, and the Nikkei index fell sharply by 5%. Shigeru Ishiba emphasized the need for supportive monetary policy, which undoubtedly added a layer of uncertainty to the global economic outlook. In the United States, cautious remarks by Federal Reserve Chairman Powell also failed to calm market concerns. Although he said that the economy remained stable, future interest rate cuts might not be as aggressive as in September, which eased expectations of further stimulus measures immediately.

Market Outlook After the Election

In the face of the upcoming US election, options traders are making corresponding arrangements. Jake Ostrovskis, an over-the-counter trader at Wintermute, pointed out that the market is showing signs of downward pressure, and the volatility surface shows a tendency to downside protection in October and November. This means that despite the many uncertainties facing the current market, traders generally believe that the market may rebound after the election.

This view is not groundless. From historical experience, elections are often accompanied by short-term market fluctuations, but in the long run, the market trend depends more on fundamental factors. For Bitcoin, its price is affected by many factors, including the global macroeconomic environment, regulatory policies, investor sentiment, and technological progress. Therefore, although the election may bring short-term market fluctuations, the long-term trend of Bitcoin still depends on the changes in these fundamental factors.

Market uncertainty and opportunities

In the current market environment, uncertainty has undoubtedly become the main theme. For investors, uncertainty often also means opportunities. As the price of Bitcoin continues to fluctuate, investors can seize the opportunity to buy low and sell high to make profits. Of course, this requires investors to have keen market insight and a sound investment strategy.

At the same time, investors also need to pay attention to changes in the global macroeconomic environment and regulatory policies. For example, the Federal Reserve's monetary policy adjustments, the European Central Bank's interest rate decisions, and the regulatory attitudes of various governments towards cryptocurrencies may all have a significant impact on the price trend of Bitcoin. Therefore, investors need to pay close attention to these policy changes in order to adjust their investment strategies in a timely manner.

Conclusion

In summary, when will the next round of Bitcoin rally begin and whether there will be another sharp rise depends on the combined effect of multiple factors. Although the current market faces many uncertainties, investors can still seize opportunities by paying close attention to market dynamics and policy changes. At the same time, investors also need to remain calm and rational, and avoid blindly following the trend or over-trading. Only in this way can we maintain a stable investment return in a complex market.

In the days ahead, we look forward to seeing the widespread use and continued development of Bitcoin around the world. At the same time, we also hope that investors can maintain a cautious and rational attitude and jointly promote the healthy and stable development of the cryptocurrency market.